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Nonprofiteer
← ARKANSAS CAPITAL CORPORATION

Form 990 for tax year 2023

Filed by ARKANSAS CAPITAL CORPORATION.

Totals

Total revenue
$6,333,348
Total expenses
$5,988,866
Contributions and grants received
$799,418
Grants paid
$260,813
Program service revenue
$3,411,481
Investment income
$109,393
Other revenue
$2,013,056
Total assets, end of year
$25,339,501
Total liabilities, end of year
$7,241,986
Net assets or fund balances, end of year
$18,097,515
Program services expenses (Part IX)
$4,691,083
Management and general expenses
$1,297,783
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 78.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SAM WALLS III

    CEO

    Total calculated
    $344,321
    From this org
    $297,627
    From related orgs
    $0
    Other
    $46,694
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,627
    Bonus
    $60,000
    Other
    $0
    Deferred
    $30,510
    Nontaxable benefits
    $16,184
    Filer's total
    $344,321

  • LAURA FINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • JERRY BULLARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • LORRIE TROGDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • EMILY MCELROY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • ROBERT GAMMILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • J RUSSELL GUERRA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • BRYAN SCOGGINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • KAREN MARINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • MARTHA MOORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • VIRGIL L MILLER JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • DAVID SHINDLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • JEFF AMERINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • WILLIAM STAED

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • CARROLL PENICK

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • KEVIN BURNS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • SHELLE RANDALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • SHAMIM OKOLLOH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • RUSH B DEACON

    SVP

    Total calculated
    $236,100
    From this org
    $208,384
    From related orgs
    $0
    Other
    $27,716
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,384
    Bonus
    $50,000
    Other
    $0
    Deferred
    $16,005
    Nontaxable benefits
    $11,711
    Filer's total
    $236,100

  • CRAIG CALAFATI

    EVP

    Total calculated
    $208,611
    From this org
    $183,058
    From related orgs
    $0
    Other
    $25,553
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,058
    Bonus
    $20,000
    Other
    $0
    Deferred
    $9,497
    Nontaxable benefits
    $16,056
    Filer's total
    $208,611

  • SANDRA HAIRSTON

    EVP - SEC/TREAS

    Total calculated
    $159,297
    From this org
    $133,776
    From related orgs
    $0
    Other
    $25,521
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,776
    Bonus
    $12,000
    Other
    $0
    Deferred
    $13,810
    Nontaxable benefits
    $11,711
    Filer's total
    $159,297

  • BERT KING

    SVP

    Total calculated
    $198,089
    From this org
    $167,247
    From related orgs
    $0
    Other
    $30,842
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,247
    Bonus
    $12,000
    Other
    $0
    Deferred
    $14,656
    Nontaxable benefits
    $16,186
    Filer's total
    $198,089

  • LESLIE LANE

    PRESIDENT

    Total calculated
    $298,193
    From this org
    $265,744
    From related orgs
    $0
    Other
    $32,449
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,744
    Bonus
    $72,000
    Other
    $0
    Deferred
    $26,816
    Nontaxable benefits
    $5,633
    Filer's total
    $298,193

  • ANDREW SPEED

    CFO

    Total calculated
    $139,769
    From this org
    $121,755
    From related orgs
    $0
    Other
    $18,014
    Hours/week
    40

  • BECKA WEBB

    ASST. SEC-TREASURER

    Total calculated
    $135,916
    From this org
    $126,482
    From related orgs
    $0
    Other
    $9,434
    Hours/week
    40

  • JASON GOBER

    VP

    Total calculated
    $135,507
    From this org
    $110,730
    From related orgs
    $0
    Other
    $24,777
    Hours/week
    40

  • LANA WALDRON

    VP

    Total calculated
    $111,826
    From this org
    $101,055
    From related orgs
    $0
    Other
    $10,771
    Hours/week
    40

  • LATWAN CHEATHEM

    VP

    Total calculated
    $118,011
    From this org
    $105,323
    From related orgs
    $0
    Other
    $12,688
    Hours/week
    40

  • ZIWEI MICHELLE CHEN

    VP

    Total calculated
    $121,089
    From this org
    $110,263
    From related orgs
    $0
    Other
    $10,826
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART III - OTHER ADDITIONAL INFORMATION
90% OF THE COMPENSATION PAID TO SAM WALLS, III AND LESLIE LANE WAS FUNDED BY ACC AFFILIATE COMPANIES. BONUS AND INCENTIVE COMPENSATION - 100% OF ANY BONUS AND INCENTIVE COMPENSATION PAID TO SAM WALLS, III AND LESLIE LANE WAS FUNDED BY AFFILIATE COMPANY AND OTHER NON-ACC LENDING ACTIVITIES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PINE STATE CAPITAL LLC

    RELATED · EB-5 · AR · 99.99% owned · share of income $2,504,998 · share of assets $3,435,194

    Directly controlled by ACC

  • HEARTLAND RENAISSANCE FUND

    RELATED · ECON DEV · AR · 99.99% owned · share of income -$226,505 · share of assets $350,325

    Directly controlled by ACC

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423209349303317

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